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Balrampur Chini Buyback 2022 vs Orbit Exports Buyback

Comparison between Balrampur Chini Buyback 2022 and Orbit Exports Buyback.

Buyback Details

Balrampur Chini Buyback 2022 is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Orbit Exports Buyback is a Tender Offer proposed to list at BSE, NSE.

 Balrampur Chini Mills Ltd.Orbit Exports Ltd.
LogoBalrampur Chini Buyback 2022 LogoOrbit Exports Buyback Logo
Type of BuybackOpen Market Through Stock ExchangeTender Offer
Listing AtBSE, NSEBSE, NSE
Face Value₹1 per share₹10 per share
Buyback Price₹360 per share₹245 per share
Issue Size4,08,163 shares
Issue Size (Amount)₹145.45 Crores₹10.00 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 2 Equity Share out of every 47 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 9 Equity Shares out of every 673 Fully paid-up Equity Shares held on the Record Date.
RegistrarKfin Technologies Ltd.MUFG Intime India Pvt.Ltd.
Lead ManagersAxis Capital Ltd.Keynote Financial Services Ltd.
Necessity of the buyback

The buyback is being undertaken for the following reason:

1.To optimize returns to shareholders.

2. To enhance overall shareholder value.

3. To optimize capital structure.

The Buyback is being undertaken, inter-alia, for the following reasons:

  • The Buyback will help the company to return surplus cash to its shareholders broadly in proportion to their shareholding thereby enhancing overall return to the shareholders.
  • The Buyback would give an option to the equity shareholders to either participate in the Buyback and receive cash in lieu of Equity Shares accepted under the Buyback or not participate in the Buyback and enjoy a resultant increase in their percentage shareholding in the company post the buyback without additional investment.

Buyback Timetable

Balrampur Chini Buyback 2022 and Orbit Exports Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Balrampur Chini Buyback 2022 Buyback record date is . Orbit Exports Buyback Buyback record date is Nov 18, 2022.

 Balrampur Chini Mills Ltd.Orbit Exports Ltd.
Record DateNov 18, 2022
Offer Open DateNov 16, 2022Dec 15, 2022
Offer Closure DateMay 15, 2023Dec 28, 2022
Last date for receipt of tender formsDec 28, 2022
Finalisation of buybackJan 05, 2023
Last Date for settlment of bidsJan 06, 2023
Last Date for extinguishment of sharesJan 13, 2023

Financial Details and Other Relevent Information

Comparison of Balrampur Chini Buyback 2022 and Orbit Exports Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

 Balrampur Chini Mills Ltd.Orbit Exports Ltd.
Financial
Balrampur Chini Mills Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet Worth
31-Mar-20779.84509.282287.5
31-Mar-214845.11469.772480.44
31-Mar-224893.94514.662673.63
Amount in ₹ Crore
Orbit Exports Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20150.2326.26174.09146.716.08
31-Mar-2173.072.38176.86149.4814.37
31-Mar-22131.1717.8194.59167.2139.17
30-Sep-22109.1422.23217.88190.539.4
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2022 366.95 306.80 343.47
Jan-2022 385.85 335.45 363.80
Jan-2022 404.15 329.00 352.13

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2022 186.75 155.35 164.80
Sep-2022 171.80 146.90 157.90
Aug-2022 158.60 114.65 140.09
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2022 367.00 307.30 343.73
Jan-2022 385.90 335.15 363.87
Jan-2022 404.50 329.00 352.13

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2022 185.85 155.50 164.79
Sep-2022 172.25 147.75 158.12
Aug-2022 158.40 115.05 140.02

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Balrampur Chini Mills Ltd.Orbit Exports Ltd.
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Compare:

Balrampur Chini Buyback 2022 and Orbit Exports Buyback